Table Game Tax Revenue for Property Tax Relief
December 1, 2022 09:33 AM to All Senate Members
Circulated By
Senator Lisa Boscola
D Senate District 18
Memo
I intend to introduce legislation that will direct the Commonwealth’s table game tax revenues into the Property Tax Relief Fund in order to provide additional tax relief to local property taxpayers.
The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has been successful, the reduction of property taxes continues to be marginal to the average homeowner.
Additionally, when the General Assembly approved the '22/'23 fiscal year Tax Reform Code, excess dollars from the Rainy Day Fund were deposited into the General Fund, as opposed to the Property Tax Relief Fund, where those dollars rightfully belong.
Therefore, I am introducing legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue is needed, because homeowners need relief. This is especially true when our General Fund is flush wish cash.
I invite you to join me as a co-sponsor.
Last session, as Sb1308, Senators COLLETT, PHILLIPS-HILL and SCHWANK joined as co-sponsors.
The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has been successful, the reduction of property taxes continues to be marginal to the average homeowner.
Additionally, when the General Assembly approved the '22/'23 fiscal year Tax Reform Code, excess dollars from the Rainy Day Fund were deposited into the General Fund, as opposed to the Property Tax Relief Fund, where those dollars rightfully belong.
Therefore, I am introducing legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue is needed, because homeowners need relief. This is especially true when our General Fund is flush wish cash.
I invite you to join me as a co-sponsor.
Last session, as Sb1308, Senators COLLETT, PHILLIPS-HILL and SCHWANK joined as co-sponsors.
Legislation
Document - Introduced as SB 467
Table Game Tax Revenue for Property Tax Relief
December 1, 2022 09:33 AM to All Senate Members
Circulated By
BOSCOLA
Memo
I intend to introduce legislation that will direct the Commonwealth’s table game tax revenues into the Property Tax Relief Fund in order to provide additional tax relief to local property taxpayers.
The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has been successful, the reduction of property taxes continues to be marginal to the average homeowner.
Additionally, when the General Assembly approved the '22/'23 fiscal year Tax Reform Code, excess dollars from the Rainy Day Fund were deposited into the General Fund, as opposed to the Property Tax Relief Fund, where those dollars rightfully belong.
Therefore, I am introducing legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue is needed, because homeowners need relief. This is especially true when our General Fund is flush wish cash.
I invite you to join me as a co-sponsor.
Last session, as Sb1308, Senators COLLETT, PHILLIPS-HILL and SCHWANK joined as co-sponsors.
The legalization of slot machine gaming was originally enacted to provide further property tax relief to the Commonwealth’s property taxpayers. However, while gaming in the state has been successful, the reduction of property taxes continues to be marginal to the average homeowner.
Additionally, when the General Assembly approved the '22/'23 fiscal year Tax Reform Code, excess dollars from the Rainy Day Fund were deposited into the General Fund, as opposed to the Property Tax Relief Fund, where those dollars rightfully belong.
Therefore, I am introducing legislation that would direct all state revenues generated on table games to be deposited into the Property Tax Relief Fund to provide for further property tax reductions. This is where the tax revenue is needed, because homeowners need relief. This is especially true when our General Fund is flush wish cash.
I invite you to join me as a co-sponsor.
Last session, as Sb1308, Senators COLLETT, PHILLIPS-HILL and SCHWANK joined as co-sponsors.
Document
Introduced as SB 467
Generated 03/23/2025 08:07 AM